The Second Circuit has revived investor claims arising from the 2023 collapse of Signature Bank, handing shareholders an important win in a closely watched dispute over who gets to control fraud-based claims after a bank fails.

At the center of the appeal was the FDIC’s argument that, once it became receiver for Signature Bank, it alone had the authority to pursue the securities-related claims at issue.

The Federal Deposit Insurance Corporation has proposed a notable pullback in two areas that have shaped large-bank compliance since the post-2008 reform era: resolution planning and deposit insurance assessments. If adopted, the changes would significantly ease “living will” obligations for large banks and reduce annual deposit-insurance costs by an estimated $4 billion.

Although this is not a courtroom dispute, it is the kind of regulatory shift that can drive substantial legal work across the financial sector.